SidneyP (Florida)
Posts: 302
Posts: 302
Posted:
I need some help (Donna & all) about the Annual meeting...The President of our Board and I do not agree on the interpertation of the Annual meeting Bylaw. Our ByLaw states:
"The first annual meeting of the members shall be held within one (1) year from the date of incorporation of the Association, and each subsequent reqular meeting of the members shall be held on the same day, of the same month of each year thereafter, at the hour of 7 o'clock pm., or on such other date as the BOD's may determine. If the day for the Annual meeting of the members is a legal holiday, the meeting will be held at the same hour on the first day following which is not a legal holiday.
It is my understanding that this meeting is suppose to be for the election of officers and for the budget right. Therefore I content that it should be the first of the year as stated (thats when our first Board was elected after take over). The President/PM said that the the line that says "or on such other date as the BOD's my determine"., means they can pick any day, any month of the year. Last year the Annual meeting wasn't until May and this year the Board has set a date for March. This means the HO's are getting no information on the budget until then. I feel this is not right but am out voted. I am interputing that statement as meaning the closest date possible to the day of incorporation. Why would that time limit be included if the Board can pick any date they want?....Also do the HO's get a vote on the Budget or have any input whatsoever?
"The first annual meeting of the members shall be held within one (1) year from the date of incorporation of the Association, and each subsequent reqular meeting of the members shall be held on the same day, of the same month of each year thereafter, at the hour of 7 o'clock pm., or on such other date as the BOD's may determine. If the day for the Annual meeting of the members is a legal holiday, the meeting will be held at the same hour on the first day following which is not a legal holiday.
It is my understanding that this meeting is suppose to be for the election of officers and for the budget right. Therefore I content that it should be the first of the year as stated (thats when our first Board was elected after take over). The President/PM said that the the line that says "or on such other date as the BOD's my determine"., means they can pick any day, any month of the year. Last year the Annual meeting wasn't until May and this year the Board has set a date for March. This means the HO's are getting no information on the budget until then. I feel this is not right but am out voted. I am interputing that statement as meaning the closest date possible to the day of incorporation. Why would that time limit be included if the Board can pick any date they want?....Also do the HO's get a vote on the Budget or have any input whatsoever?